v3.24.1
Derivative Liability (Tables)
12 Months Ended
Dec. 31, 2023
Derivative Instruments and Hedging Activities Disclosure [Abstract]  
Schedule of Derivative Liabilities at Fair Value

The change in the fair value of derivative liabilities is as follows:

 

Balance – December 31, 2021  $712,784 
Settlement of derivatives upon conversion  $(442,389)
Change in fair value of the derivative  $180,724 
Balance – December 31, 2022  $451,119 
Settlement of derivatives upon conversion  $(117,109)
Gain on change in fair value of the derivative  $169,573 
Balance – December 31, 2023  $503,584 
Schedule of Derivative Instruments, Black-Scholes Option-Pricing Model Input Used

The table below shows the option-pricing model inputs used by the Company to value the derivative liability at each measurement date:

 

   Year Ended
December 31, 2023
  

Year ended

December 31, 2022

 
Expected term   1.00 - 1.01 years    0.251.09 years 
Expected average volatility   242.2% - 246.6%   229,.64% – 260.80%
Expected dividend yield   -    - 
Risk-free interest rate   4.74%-4.75%   4.12 % – 4.76%